Although the market was sluggish yesterday due to weekly expiry, Nifty continued its bullish trend for the third consecutive day and touched 16-day high of 26233 during intraday trading. Nifty also formed a Higher High, Higher Low pattern for the third consecutive day, indicating strength. India VIX is also indicating a bullish market. India VIX closed at all-time low of 9.37. According to historical data, a low VIX usually precedes a market rally.
Today global markets are also showing stable signs. GIFT Nifty was up 35 points. US markets witnessed strong gains yesterday for the fourth consecutive day. There are many other positive triggers for today as well.
What are the positive factors for today?
1. FIIs made significant net-net purchases for the fourth consecutive day.
2. Domestic funds continued their buying for the 82nd consecutive day.
3. VIX is again at its lowest level ever.
4. Strong rise in American markets for the fourth consecutive day.
5. RBI decided to inject liquidity of ₹2 lakh crore into the market.
Amidst these triggers and market sentiment, the list for Zee Business’ special program, Traders Diary for investors and traders has been released. In this list, analysts have focused on select stocks that show short-term trading opportunities. These include cash, futures and options as well as fundamental picks. Target and stop-loss levels will also be given for these stocks, which can play an important role in today’s trading. Priyanka’s shares
cash
Vikran Eng, Buy, TG 92, SL 82
future
Buy Tata Motors PV (Ft), TG 370. SL 358
options
Biocon 400CE @5.35, TG 9, SL 4
techno
RVNL, Buy, TG 350, SL 338
funda
Kajaria Ceramics, Buy, TG 1,550, D 6 Months
invest
Bob, buy TG 350, D 6 months
News
Buy Coal India (Ft) 408, SL 397
my choice
Buy Eureka Forbes TG 648 SL 630
HCC, Buy, 21.50, SL 19
Hind Copper, Buy 415, SL 402
best pick
biocon
Pooja’s shares
cash
GNFC Buy T 499 SL 484
future
Buy GAIL T 175 SL 170
options
BUY INDIGO PUT 5150 @ 46 T 80 SL 40
techno
SBI Buy T 999 SL 961
funda
Buy Muthoot Finance T 3950 SL 3720
invest
Buy Astral T 1700 D 12 Months
News
Buy Ajanta Pharma T 2719 SL 2639
my choice
Buy Zydus Lifesciences T 946 SL 918
IDBI Bank Buy T 104 SL 99
Buy Amcure T 1453 SL 1410
best pick
Buy Muthoot Finance T 3950 SL 3720